The biggest decline in MI business during the fourth quarter came in loans refinanced through the Home Affordable Refinance Program.

At yearend, Bank of America serviced $693 billion of home mortgages, a 4 percent decline from Sept. 30.

Marc Savitt, president of the National Association of Independent Housing Professionals, pointed to a flaw in the beta version of Rate Checker: it doesn't show the annual percentage rate.

The positive performance, a drop of 14.5 percent, is most likely due to the continued recovery in the overall economy as well as the housing market.

Meanwhile, JPM marked down the asset value of its residential servicing portfolio to $7.436 billion at Dec. 31, 2014, a 10 percent reduction from 3Q14.

One servicing advisor raised an interesting scenario Tuesday: Maybe Bill Erbey will swoop in and buy all of Ocwen’s shares and take the whole thing private.

Although JPM reduced the asset value of its mortgage servicing portfolio in 4Q, Wells marked up its MSRs.

Ocwen’s lack of cooperation regarding documents led the agency’s commissioner to issue a subpoena “duces tecum,” which is essentially a court summons.

Stan Kurland, PennyMac’s chairman and CEO, said the FHLB application for PMT Insurance has been on hold since it was submitted.

The Council of Federal Home Loan Banks said the FHFA has shown “no compelling need” for the proposed changes to membership standards.